Booksellers: What Business Are You In?: The TOC Perspective

Becoming a self-publishing hub is one way to expand beyond traditional books

By Joe Wikert
|

Apr 30, 2012

If you’re a bricks-and-mortar bookseller, does your blood pressure rise when you think about e-retailers and their deep discounts? Do you look at e-books as a threat or an opportunity? Depending on how you answered those questions, you might need to ask yourself another one: what business are you really in?

If you’re simply in the business of “selling books,” I believe you’re thinking too narrowly. Think of the story of the successful tools salesman who explained why he was able to sell so many drills: “My competitors sell the drill while I focus on selling the hole.” In other words, he emphasizes the benefits while others are busy trying to sell a bunch of meaningless features.

What are the benefits you’ve successfully provided in the past? When I think of my local bookstore, some of the key benefits I see are personalized service and community. If I want to know more about a book I’m considering, I’d rather talk with a real person than simply trust a bunch of reviews on a Web site, especially if some of those reviews might be planted by the author or publisher. The main advantage a physical bookstore has over an online one is the in-person advice and support the former can offer.

A Lesson from Apple

Despite the sluggish economy of the last few years, some bricks-and-mortar retailers have found ways to grow their business. Apple is a terrific example. Regardless of whether you’re an Apple fan, there’s always something new and interesting to discover in an Apple store. I can’t tell you the last time I felt that way about a bookstore. I’m not talking about eye candy or glitzy merchandising; when you enter an Apple store you know you’re in for a treat.

Wouldn’t it be awesome if customers entering your bookstore had that same feeling? I realize Apple can invest a lot in its store experience because it’s selling higher-priced items, but maybe that means you need to look beyond simply selling $20 or $30 books. I’m not talking about adding stationery and toys, like some bookstores have done over the years. It’s time to think much bigger.

These days most bookstores have some sort of coffee shop or snack bar. Years ago it was a brilliant move to add that dimension as it helped turn bookstores into a hangout rather than just an in-and-out retail destination. If in-store coffee shops were the game-changing idea of the ’90s, what’s the new one for the current decade? Here’s one possibility: an in-store self-publishing resource. Self-publishing is red-hot and still gaining momentum. But what’s sorely lacking in the self-publishing world is a reliable place to go to ask all the questions, e.g., how do I get started? what’s the best platform? how do I create a marketing campaign? Self-publishing enthusiasts are left with a slew of questionable online options and a few in-person events. Why not create an in-person self-publishing resource within your store?

Take a page out of Apple’s playbook and create a genius bar service for customers interested in self-publishing. Establish your location as the place to go for help in navigating the self-publishing waters. Remember, too, that most of the income earned in self-publishing is tied to services, e.g., editing, cover design, proofreading, and not necessarily sales of the finished product. Consider partnering with an established expert in these areas or build your own network of providers. The critical point is to evolve your business into something more than just selling books.

This doesn’t mean you need to invest in self-publishing equipment to enter the field, but it’s interesting to hear from someone who has. I spoke about this with Chris Morrow, co-owner of Northshire Bookstore in Vermont, which has had an Espresso machine for a number of years. According to Morrow, “The Espresso machine has allowed us to create a self-publishing business and more. It has changed how customers view the bookstore. The self-publishing business is a complementary business that takes advantage of technological developments while being true to our mission.”

If my self-publishing suggestion isn’t the best option for your store, don’t simply give up and assume you’ll always have a future selling print books. It’s clear to me that the number of bricks-and-mortar bookstores will continue to decline; more specifically, the number of bricks-and-mortar bookstores that mostly rely on selling print books will continue to decline. Bookstores have always been a source of inspiration and an important community resource for their customers. Think about your own store’s unique attributes and how they could be extended as print sales decline. If you go about it the right way, the digital reading revolution won’t be a threat but rather a once-in-a-lifetime opportunity to reconceive your business.

Through Tools of Change conferences, books, webcasts, research reports, and articles, O’Reilly Media covers the issue facing the rapidly changing publishing industry, from new technologies and processes to business strategies, new markets, and more.

PW has integrated its print and digital subscriptions, offering exciting new benefits to subscribers, who are now entitled to both the print edition and the digital editions of PW (online or via our app). For instructions on how to set up your accout for digital access, click here. For more information, click here.

The part of the site you are trying to access is now available to subscribers only. Subscribers: to set up your digital subscription with the new system (if you have not done so already), click here. To subscribe, click here.

Thank you for visiting Publishers Weekly. There are 3 possible reasons you were unable to login and get access our premium online pages.

You are NOT a current subscriber to Publishers Weekly magazine. To get immediate access to all of our Premium Digital Content try a monthly subscription for as little as $18.95 per month. You may cancel at any time with no questions asked. Click here for details about Publishers Weekly’s monthly subscription plans.

You are a subscriber but you have not yet set up your account for premium online access.Add your preferred email address and password to your account.

You forgot your password and you need to retrieve it. Click here to access the password we have on file for you.